Nykaa's pink sale fails to lift the blues2 min read 25 May 2023, 09:14 PM IST
Despite the Pink Love Sale in February, orders in the beauty and personal care segment fell by 7.4% in the March quarter compared to a 4% drop in the same quarter last year
FSN E-Commerce Ventures Ltd, the parent company of Nykaa, has some bright spots in its March quarter results. Consolidated Ebitda margin rose 147 basis points (bps) year-on-year and nearly 9bps sequentially to 5.4%. This is the first time in the March quarter where Nykaa’s Ebitda margin has risen sequentially post a seasonally-best December quarter, said JM Financial Institutional Securities analysts in a 25 May report.
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